At the World Economic Forum in Davos, Changpeng Zhao described the fractional reserve system as a key factor in banking liquidity crises. He emphasized that technology accelerates existing issues rather than introducing new risks.
Zhao noted that Binance’s handling of 7 billion USD in withdrawals demonstrates its financial stability. He foresees a decline in physical bank branches over the next decade with blockchain evolution and expressed doubts about the sustainability of Meme coins, including Dogecoin.
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